Threads
A fun Challenge - Who will predict the trade with highest R:R
Replied 12 hours ago -
1:4 RR Smashed
Profit target has been reached and exceeded so I am closing the trade. @headies you didnt remind me to set the TP i actually didnt set TP but I drew the RR box showing where my TP expectation was. But anyhow I have been able to deliver 1:4 RR successfully so that is the highest record set here.
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my broker wont let me trade 0.01 lot size on gold
Replied 17 hours ago -
Brokers set minimum lot size per instrument based on their discretion and risk outlook. This is a screenshot from the broker FxPro showing their minimum lot size for gold is 0.01. You coud consider trading gold with another broker.
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Which is more effective: a trailing stop or a step stop?
Replied 18 hours ago -
Ohh, I’m sorry. I didn’t know it was marketing a bot.
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| ⚖️Is Forex Trading in South Africa Legal? | Yes |
| ⚖️Forex Trading Regulator | Financial Sector Conduct Authority (FSCA) |
| 📃Type License Issued To Brokers By CMA | Financial Service Provider (FSP) & Over-the-counter Derivative Provider (ODP) |
| ✅No. of FSCA Licensed Forex Brokers in Kenya | 20+ |
Is There Forex Trading in South Africa?
Yes, South Africa has over 500,000 people who trade forex online and it is completely legal.
Forex trading in South Africa is regulated by the Financial Sector Conduct Authority (FSCA) who are a statutory body established by law since 2018.
The FSCA issues Financial Service Provider (FSP) & Over-the-counter Derivative Provider (ODP) to forex brokers who meet their requirements & wish to do business in South Africa.